Clearwire Corp’s liquidity crisis has prompted an offer of $1.6 billion help over the next 4 years from Sprint Nextel Corp, the 3rd U.S. mobile provider. It sent bankruptcy-risk Clearwire shares up by 14%. Part of the deal was an extension of Sprint’s Clearwire network use and possibly an equity combination and payment of Clearwire [...]
Sprints Offers $1.6 Billion Help to Clearwire
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December 5, 2011 By Leave a Comment
Heavy U.S. and Europe Debts Cause 4th day of Sell-Off
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November 22, 2011 By Leave a Comment
The uncertainty over U.S. and Europe debts sapped investor confidence causing a 4th day of weak stocks. Shares of industrial and energy fell with volumes lower than average and sparked a sell-off. U.S. congressional committee co-chairs said there is still a failure to reach deficit-reducing deals. KeyBanc Capital Markets’ Kevin Kruszenski said the situation adds [...]
BP CEO Dudley Pressured Anew by Failed Deal
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November 8, 2011 By Leave a Comment
In October, BP’s CEO Bob Dudley said it could increase its dividend in February to recover from the Gulf of Mexico oil spill. However, his planned sale of $7 billion stake in an Argentinean unit failed as supposed buyer Bridas (co-owned by China’s CNOOC) terminated the talks. This is Dudley’s second failed multi-billion dollar deal [...]
Rising U.S. Deflation, a Dreadful Scenario
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October 27, 2011 By Leave a Comment
Deflation may be unlikely amidst a declining job market considering the recent growth recovery. The Federal Reserve is also expected to ward it off just in case but investors and economists believe the risk is real. This is a reason for this: prices of goods continue to rise and unemployment is seen to be near [...]
Euro Crash Creates Huge Impact on Earnings Expected by Sony
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October 6, 2011 By Leave a Comment
The European debt crisis may cause a huge impact on earnings for Sony Corporation. Sony Treasurer Hiroshi Kurihara said the company does not purchase many components from Europe as its Asian suppliers stick to dollars, restraining its getting around the euro’s dip. Euro’s dip challenges Sony CEO Howard Stringer in its declining sales value from [...]
